Eni said July 28 that the company and partners BP and Total have made a natural gas and condensate discovery at the Bashrush prospect about 11 km offshore Egypt in the Mediterranean Sea.
Located in the North El Hammad concession, the well encountered 102 meters of net gas pay in high quality sandstones of the Abu Madi Formation, Total said in a separate news release. Flow rates reached up to 32 million standard cubic feet of gas per day (MMscf/d), limited by testing facilities, during a production test. The companies said estimated future well deliverability is up to 100 MMscf of gas and 800 bbl of condensate per day.
“These resources have low development costs since they can rapidly be tie-in and put into production,” Kevin McLachlan, Total’s senior vice president of exploration, said in the release.
The companies are screening development options and intend to fast-track production.
Holding a 37.5% working interest in the concession, Eni serves as operator through its affiliate IEOC. BP holds 37.5%, and Total holds 25%. The concession is held in participation with the Egyptian Natural Gas Holding Co.
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